USDC

MonsutaReipu

USDC depegged from its $1 peg primarily during the [March 2023](https://www.google.com/search?rlz=1C1ONGR_enUS988US988&cs=1&sca_esv=d41d77eb53f75a2f&sxsrf=AHTn8zqqKicMxp6ifWExCtpHEULMXDnyXQ%3A1746977590460&q=March+2023&sa=X&ved=2ahUKEwjV57zV3puNAxXQD1kFHX5jC-oQxccNegQIBRAB&mstk=AUtExfBqvs9ocx_CdbFgTw1yH5cVj85WQecWq4IyN39US3keDrvcKmkbC-gHQc-n57XiGGdcJ5nPXpAsjPcIKoPoQ-Ye2_q8JEwMTRF7k26Gkfc6n57kJ4Vbl9paklcl3uBgKtSDb8XVlLNYUYvQ7Hg9SZmiYQXziRammyKek2mjms7EYBg&csui=3) [Silicon Valley Bank (SVB) collapse](https://www.google.com/search?rlz=1C1ONGR_enUS988US988&cs=1&sca_esv=d41d77eb53f75a2f&sxsrf=AHTn8zqqKicMxp6ifWExCtpHEULMXDnyXQ%3A1746977590460&q=Silicon+Valley+Bank+%28SVB%29+collapse&sa=X&ved=2ahUKEwjV57zV3puNAxXQD1kFHX5jC-oQxccNegQIBRAC&mstk=AUtExfBqvs9ocx_CdbFgTw1yH5cVj85WQecWq4IyN39US3keDrvcKmkbC-gHQc-n57XiGGdcJ5nPXpAsjPcIKoPoQ-Ye2_q8JEwMTRF7k26Gkfc6n57kJ4Vbl9paklcl3uBgKtSDb8XVlLNYUYvQ7Hg9SZmiYQXziRammyKek2mjms7EYBg&csui=3) event. Specifically, USDC depegged to around $0.88 after Circle announced that $3.3 billion of its reserves were stuck at SVB. Some people seem new to crypto here.

tenor_tymir

USDC didn’t depeg. 🙈

RefrigeratorLow1259

Based on the market capitalization rankings as of early May 2025 and comparing price performance over the approximately 12-month period from May 2024 to May 2025, three altcoins in the top 10 (excluding stablecoins) have outperformed Bitcoin. Bitcoin's price performance over the last 12 months was approximately 66.1%. The relevant altcoins in the top 10 by market capitalization (excluding stablecoins like Tether and USDC, which are pegged to the US dollar and do not exhibit significant volatile growth) and their approximate performance over the same period are as follows: * Ethereum (ETH): Approximately -20.95% * XRP (XRP): Approximately 373.8% * BNB (BNB): Approximately 12.7% * Solana (SOL): Approximately 9.42% * Dogecoin (DOGE): Approximately 42.36% * Cardano (ADA): Approximately 75.56% * TRON (TRX): Approximately 118.18% Comparing these figures to Bitcoin's roughly 66.1% gain: * Ethereum (ETH) underperformed. * XRP (XRP) outperformed. * BNB (BNB) underperformed. * Solana (SOL) underperformed. * Dogecoin (DOGE) underperformed. * Cardano (ADA) outperformed. * TRON (TRX) outperformed. Therefore, three altcoins currently in the top 10 by market capitalization (excluding stablecoins) have outperformed Bitcoin in the last 12 months. These altcoins are XRP, Cardano (ADA), and TRON (TRX). It's important to note that cryptocurrency market rankings and prices are subject to rapid change and volatility. The performance figures are based on approximate prices from the specified time frame.

Joe-M-4

Whew, close one ser! Glad you went with the Turkish guy, that jawline just screams confidence. FYI, USDC is fee-less to move around via coinbase

weiga

But they were designed to not change in price. I guess if you held USDC in Coinbase, it’ll pay you a yield, but otherwise it’s just cash decaying.

Joe-M-4

Good questions, ser. Why USDC? I alternate annually. For some fun reading, check out the year I included TerraUSD (UST) ooof. And in some dark periods, the stables are the best performers! lol (may those dark days never return) Why any of them? I included Tether in the 2019 Top Ten portfolio because it was in the Top Ten - I include one per year ever since to allow for fair comparisons between the different years portfolios.

Lavasioux

Stellar XLM fans- If you're offramping, Decaf wallet on Googleplay is a XLM & SOL wallet with free offramp and swaps between USDC chains. Also the Stellar Network has a built in decentralized exchange - The SDEX, and the SDexExplorer is a coinmarketcap type ranking website for all the tokens issued on Stellar.

weiga

Why USDC but not USDT? Why any of them?

Breotan

I'm just gonna sit on my staked ETH till it reaches 4k again. Once that happens, I'll swap it for USDC where it will sit until the next bear cycle. That's when I'll buy more BTC.

flyfree256

Decentralization is a mode for trustlessness, but they aren't one in the same. The whole point of crypto is to be as trustless as possible. If your network isn't trustless, there's no reason to use it over central banking / Venmo / etc. If I want to keep my dollars somewhere, I can have USD in a bank account, in which case I need to trust my bank and the government it's beholden to (among other things). I can also have USDC (or similar) on Solana, in which case I need to trust the Solana protocol, Anza, and the government Anza is beholden to (US government). I can also have USDC on Ethereum, in which case I need to trust the Ethereum protocol. That's the difference, and competent teams that build on these chains know the difference and how significant that extra bit of trustlessness is.

jummy006

I didn’t know this was an option until this year. Used to have to use USDC I thought.

emelbard

Or don’t buy USDC and just transfer USD from bank and trade in Advanced

InnerAbrocoma9880

When you went to buy a coin, DO NOT BUY THE COIN DIRECTLY with your bank. Buy USDC and then buy the coin you want via Advance Trading. The fees are tiny

Past_Hotel_5987

And why would they hold low-quality crypto in their portfolio? Most of these services use BTC, USDT and TRX and USDC. All are very liquid.

OwlPay_Wallet_Pro

If you are in the US, you can check out our service OwlPay Wallet Pro. You can cash out USDC either through bank transfer or by visiting selected MoneyGram locations.

cryptolipto

The internet's native "money protocol". Coinbase is resurrecting a 90s era HTTP spec and wiring it to stablecoins. No SDK hell, just headers. And the fact that is running on blockchain rails is obfuscated (this is how it was supposed to be) • Sub-cent fees, ~2 sec settle time. • Built-in auth, no API keys. • Works for browsers, back-ends, and AI agents. Credit-cards can’t price below $0.50. Dollar-denominated $USDC fixes that. The use cases are endless: - Pay-per-request LLM endpoints - Paywall for LLM data scraping - Streaming APIs billed by the byte - Agentic commerce: agents that buy data or GPU cycles on the fly - IoT devices settling power & bandwidth in real time Coinbase is planting a flag in the protocol layer of the new internet economy. https://x.com/ai/status/1919803757212418515?s=46

larrydalobstah

Tokenomics are solid 50% of fees are used to buy back and burn, 50% is distributed back to holders in USDC

coinfeeds-bot

tldr; Coinbase has launched x402, an open-source payment protocol based on the unused HTTP 402 status code, designed to enable seamless on-chain payments. The protocol allows users to request and pay for digital assets, including stablecoins like $USDC, and supports agent-led commerce by enabling autonomous AI agents to handle payments without manual management. This innovation aims to enhance on-chain commerce and programmable financial systems, offering new opportunities for API providers, service platforms, and content creators. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MaximumStudent1839

What are these so-called great projects? I like to tinker with every chain in the top 50 or so. Couldn’t even find a bridge for USDC to HBAR without slippage for just 1000.

CunningStunt_1

What? Why would I switch currencies if I am using blockchain products? Just use PvP USDC or any other stablecoin.

Specialist_Baby_341

if you make a sale and gain money even if it stays in crypto or converted to USDC or stable coin.. it's taxable Doesn't matter if it hits your account. Matters if you sell or convert

Large_Sexologist_587

Let's be honest, the interest Coinbase offers on USDC certainly beats her returns thus far.

GMEthLoopring

DCA into stable coins? Buy USDT & USDC!!! lol tell her to just dca into BTC and leave it be or she’ll lose more money

ZellahYT

You use the coin itself for transfers of wealth, I have paid a lot of stuff in USDT / USDC and a little bit in ETH. But it not only for store of wealth but also for transactions.

GhostLeader95

private content are paid in USDC, the author will pay in USDC to create a private content & also the users will have to unlock/pay to view & interact with private content

PossibilityQueasy491

Unless you plan to invest daily over the next 4-5 years, daily DCA is probably not the best strategy to go with. Monthy DCA is probably a better one, even though, a bear market or a recession will likely come sooner than expected, so having enough gun powder to go all in when the time is right, might be the best decision. Personally, I'm 100% in stables now on Pendle and a few yield farms on the DFS app (yes I work there), and it accumulates around 10% on USDC yearly. Not saying this is the best strategy, but I did my part for this cycle and am okay with missing out on a potential 20-30% upside movement.

External-Advice860

why don't you use USDC or EURC? They're also on Binance and higher liquidity.

andys811

That's a leveraged strategy, you can do that but it comes with significant risks depending how much you borrow, I lend because I live paycheck to paycheck so if an emergency happens and I need to dip into my crypto (I needed to when BTC was below 80k a few weeks ago), I just borrow against it so that I maintain my exposure to BTC while still being able to use the capital. It meant instead of having to sell some BTC at below 80k I just borrowed USDC which I replayed on my last paycheck, meant I didn't miss out on the latest pump

External-Advice860

but EURC is from the same company as USDC (Circle), therefore by diversifying between EURC and USDC I probably wouldn't decrease overall risk? Or would I? And in regards to liquidity, I only do 1 trade per month as I'm investor, so it may not have so much importance, I would suppose

External-Advice860

does it make sense to diversify into multiple stables? And if yes, which would be 2nd best stable to pick besides USDC?

brianmonarch

I hope Ripple buys circle and then they control USDC.

50nathan

I could suggest some good exchanges that don't require KYC and when you're of age, you can verify yourself since they accept US residents. There's [Ourbit Exchange](https://www.ourbit.com/) that allows a high withdrawal per 24-hour rate, I think it's 15 BTC and once you're verified it's 200 BTC per day. [KCEX Exchange](https://www.kcex.com/) allows 15 BTC unverified and 30 BTC verified and they allow US residents to be verified once of age. They both have 0 spot trading fees and extremely low withdrawal fees. So you can save a lot on fees. The best wallet I use to hold my Bitcoin is [Stack Wallet](https://stackwallet.com/). They are very private which would be good in your case, you can have multiple Bitcoin addresses to avoid reusing the same one, they're open source and they have Tor so you can broadcast transactions in private and of course non-custodial. I recently found them, it's a must have, moved all my BTC there. As for buying BTC, I haven't found any site in particular so you might have to do P2P. That said, I've noticed with P2P sites fees associated with buying BTC are very high compared to buying USDT or USDC and then sending it to the exchanges I gave earlier. Otherwise, find people in person to exchange with. Anyone can correct me if I'm wrong on this but if you want to hold your USDC and USDT, I believe Coinbase wallet (not the exchange) allows you to send out without gas fees, meaning you don't have to hold other cryptos to provide fees. Once, I sent out USDC from my Coinbase wallet and it offered me zero fees, idk if that was because I linked the exchange to my wallet or it's always like that. Otherwise, just send the USDT/USDC directly to the exchange and buy Bitcoin. I hope this helps!

Aggravating_Deal_572

Buy USDC and send them to a Revolut account. Buy $ or what ever currency you need, and you never have to tell anyone

mindcandy

> Even DAI is partially collateralized by USDC now. But, that doesn’t mean some government/bank combo can target OP and confiscate his DAI. They could target Coinbase and destroy USDC for everyone. That would have a big impact on DAI for everyone. But, they can’t target OP without burning $60B in USDC in the process.

Bonfires_Down

I’m not particularly concerned, but I wouldn’t mind switching to USDC. Problem is USDC has fewer pairs, lower volume and can’t be used for some thing like copy trading.

StanleyQUpJohn

Let’s clarify a few points: Current Price: As of May 4, 2025, XRP is trading at approximately $2.19, it’s all time high was $3.84, nearly 40% higher. Utility: XRP is utilized in Ripple's On-Demand Liquidity (ODL) service, facilitating real-time cross-border payments without the need for pre-funded accounts. Acquisition of CIRCLE for USDC or full replacement with RLUSD will send Ripple/XRP to the moon based on utility alone Adoption: Ripple has established partnerships with over 350 financial institutions across more than 55 countries, indicating significant institutional interest. The Cryptonomist Technical Outlook: Analysts suggest that XRP could reach up to $2.70 in May 2025, contingent on market conditions. It’s estimated to be $4-5 by end of 2025 XRP is more than just a speculative asset; it has real-world applications and growing institutional adoption. Please download my book [FUTURE PROVES Past - XRP 2034](http://XRP2034.com)

AlexGaming1111

Circle also has EURC which considering is a direct euro stablecoin is probably under a lot more scrutiny in the EU. Circle is probably more trusted because they also comply with EU MiCA regulation. At this point using USDT instead of USDC is just unnecessary risk.

Beginning-Cash-6089

Totally get choosing USDC over Tether — it looks safer. But let’s be real: no stablecoin is truly safe. USDC relies on private banks and trust in Circle. DAI depends on volatile crypto. And we all saw what happened with Terra. Stablecoins live in a legal and financial gray zone. Until we get real regulation, audits, and redemption guarantees, none of them are bulletproof.

TheMajesticPrincess

I think that Tether is almost certainly a ponzi, I exclusively use USDC instead and look forward to new stablecoin legislation hopefully bringing better protection for us all.

CryptoByline

If you're specifically worried about censorship-resistance and seizure risk, then the answer is simple: no centralized stablecoin is truly safe. USDC, EURC, USDT — all have blacklist functions. Even DAI is partially collateralized by USDC now.  If you want non-confiscatable, you’re really talking about BTC or XMR (Monero) — not a stablecoin.  But if you still need a relatively stable store of value for DCA, here are your main paths:  LUSD (Liquity USD) – overcollateralized and censorship-resistant (no admin keys). But less liquid and harder to access from fiat directly.  sDAI or RAI – more decentralized models, though still niche and less stable.  Or skip stables entirely: convert fiat → BTC gradually using auto-DCA tools like Swan or Relay and hold cold.  Lump-sum vs DCA? Historically lump-sum outperforms most of the time — but only if you’re emotionally ready to handle the dips. DCA smooths the ride psychologically, not necessarily economically.  Your move depends on what matters more: control or convenience. You can’t have both 100% in crypto (yet). 

MrHmuriy

Unlike Circle, they explicitly refuse to comply with European regulation, which is quite concerning - perhaps there is no collateral to backup coin issuance. Personally, I'm transitioning gradually to trading with USDC.

Crypto-4-Freedom

USDC or EURe.

Icy_Mushroom_425

For EU residents USDC is good MiCA compliant option to consider.

CrazyAppel

Uhhhhh USDC? Is there something wrong with USDC? I feel like you would know about USDC if you know about licenses like MiCa.

ElPeroTonteria

I’ve been fucking around in this space since 2018… Full time since 2021… I don’t understand why these stablecoins are so big. It just doesn’t make sense to me… I get other countries, people may want to hold USD instead of their local currency. Or transact possibly in USDC… I understand it’s a benchmark to use in DeFi, but even that I can’t see as being anything other than exchanges just trading 1 shit coin for another. Utility, sure. But why is it this big? Why and how did so much $ end up sitting in stables?

coinfeeds-bot

tldr; Stablecoin liquidity has reached a record high of $220 billion, driven by increases in the market caps of Tether (USDT) and USD Coin (USDC). USDT's market cap rose by $2.5 billion and USDC's by $1.2 billion in the past week, marking the strongest weekly growth since February. Over the past 30 days, USDT added $5.3 billion and USDC $6 billion. This surge in liquidity is seen as a bullish indicator for Bitcoin, with improved market sentiment reflected in the Bitcoin Bull Score Index. However, USDT exchange reserves remain 12% below their peak. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

punishGoalhanging

Canada has stablecoin regulation that say reserve have to be backed. Tether does not want to comply while USDC comply. EU has stablecoin regulation that say reserve have to be backed. Tether does not want to comply while USDC comply. USA will soon have stablecoin regulation that say reserve have to be backed. What will Tether do?

MrHmuriy

Technically, Revolut, for example, can freeze your account simply because they can and today they want to freeze your account. What happens next is your drama, not theirs. From this point of view, it takes a lot more will to freeze your USDC on a hardware wallet

CunningStunt_1

So let me see if I understand this. Ripple makes billions from selling the XRP token to retail. 99% of their income, according to their own financial records. They use these funds to buy a private business, which XRP holders have nothing to do with. Profits from the private business (USDC/Circle) go back to ripple shareholders. Not XRP holders. XRP holders think this is a good thing?

rechtim

if retailers want to reduce the risk of transacting with constantly fluctuating btc prices, in the future, POS systems will instantly convert your btc to USDT/USDC so that the retailer can have dollars and they wont have to touch btc.

MrHmuriy

I don't really care whether it's USDT or USDC. I converted all my USDT to USDC, since it looks like my country will pass a MiCA-based cryptocurrency law, and the cryptocurrency card I use doesn't use USDT as collateral anymore

OwlPay_Wallet_Pro

Your idea makes sense. People do convert fiat to USDC first and then use it to buy other crypto like BTC. Some do this to reduce fees, and others because of local restrictions with payment methods or wallets. Holding USDC does not always have to be seen as an investment. It can also be part of a strategy, such as spreading funds across stocks, crypto, and stablecoins.

UC_DiscExchange

Again, you only used transaction fees. Ripple has invested in, and even outright purchased, other businesses. That's without even getting into escrow sales. Transactions fees are not and have never been their only goal of revenue stream. It sounds like you're really trying to say that USDC will remain a more popular stablecoin than RLUSD. I would agree with that, but it isn't what you actually said.

Icy_Mushroom_425

Totally legit strategy. Main risks: \- depeg risk (rare but possible) \- blacklisting/freeze risk (USDC/USDT are centralized) \- losing your wallet keys \- smart contract bugs

yupgup12

At the moment it looks like they will. USDC has way more name recognition than any of the other stablecoins, including Tether and RLUSD is a distant afterthought. Circle is poised to complete dominate cross border payments and remittances.

MrHmuriy

USDC meets EU MiCA regulations, USDT does not

PhysicsPublic7848

USDT/USDC is the money*

InclineDumbbellPress

Theyre trying to dominate the stablecoin infrastructure. Circle said no because they want to bank on its IPO and independent vision for USDC as a global standard. Merging would be controversial because it would go against Circles open system policy and also the regulatory heat

critiqueextension

Ripple's attempt to acquire Circle for $4-5 billion was rejected, primarily due to valuation concerns and regulatory uncertainties, highlighting the complexities of large-scale stablecoin industry consolidations. This rejection underscores the cautious approach regulators and companies are taking toward such high-stakes acquisitions in the crypto space. * [Report: Circle Rejects Ripple's $4 Billion to $5 Billion Takeover Bid](https://www.pymnts.com/cryptocurrency/2025/report-circle-rejects-ripples-4-billion-to-5-billion-takeover-bid/) * [Ripple Attempts $5 Billion Takeover Of USDC Issuer Circle, Bid ...](https://bitcoinist.com/ripple-attempts-5-billion-takeover-of-circle/) ^(This is a bot made by [Critique AI](https://critique-labs.ai). If you want vetted information like this on all content you browse, [download our extension](https://critiquebrowser.app).)

coinfeeds-bot

tldr; Ripple reportedly made a $5 billion offer to acquire Circle, aiming to accelerate its presence in the stablecoin market dominated by Circle's USDC. Ripple's move aligns with its broader strategy to integrate blockchain with traditional finance, following its $1.25 billion acquisition of Hidden Road. Circle declined the offer, citing valuation concerns, its independent vision, and potential regulatory challenges. The decision underscores the competitive dynamics in the evolving stablecoin ecosystem, with both companies pursuing distinct strategies for global financial innovation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Forina_2-0

I’ve used crypto for some freelance gigs (paying and getting paid in USDC mostly), and bought some VPN time and domain names with it. There are also legit use cases growing in places with unstable fiat systems, like using stablecoins for remittances or just daily transactions in parts of South America or Africa. That’s where the “store of value” or digital cash angle is real, not just theory

Money-Fan-2587

I thought they were referring to the other subscription as below: # Premium $299.99/month You'll be charged a prorated price of $291.99 today and your tier will be upgraded to premium immediately Everything in Coinbase One, plus: * Unlimited zero trading fees * Unlimited boosted USDC rewards * $250K in account protection * Unlimited Coinbase Advanced rebates §By clicking "Upgrade to Premium", you agree to our terms & authorize a monthly $299.99 charge to any stored payment method, cash balance, or crypto balance from today until canceled. To avoid the next charge, cancel via "Manage" in member settings or by phone before Jun 1, 2025. When paying with crypto, you instruct us to spend it at the prevailing price on Coinbase.

Money-Fan-2587

I thought they were referring to the other subscription as below: # Premium $299.99/month You'll be charged a prorated price of $291.99 today and your tier will be upgraded to premium immediately Everything in Coinbase One, plus: * Unlimited zero trading fees * Unlimited boosted USDC rewards * $250K in account protection * Unlimited Coinbase Advanced rebates §By clicking "Upgrade to Premium", you agree to our terms & authorize a monthly $299.99 charge to any stored payment method, cash balance, or crypto balance from today until canceled. To avoid the next charge, cancel via "Manage" in member settings or by phone before Jun 1, 2025. When paying with crypto, you instruct us to spend it at the prevailing price on Coinbase.

HvRv

How soon? On the first day. They would strip down USDC for sure

yupgup12

This deal would be a disaster for the crypto industry. Imagine one crypto currency had control over usdc. How soon before they throttling down USDC flow away from blockchains that they view as a threat. How long before they remove native USDC from those competitors.

Mirved

Do you have trouble reading and understanding? A 0.01 ETH transaction can be a transaction of 100 million USDC. The link i gave you showed how many billions in USD value is transacted trough the ETH chain daily. This might be hard for you to understand since bitcoin doesnt have these capabilities.

hosea_they_heysus

Step one, dollar cost average into ETH, WBTC or similar blue chip coins and deposit into AAVE. Step two, during bear markets take USDC loans against your collateral and deposit that into liquidity pools that can increase your collateral assets. Step 3, pay off your loans during the bull market using your liquidity pool income to ensure you're not liquidated. Step 4, repeat step one.

coinfeeds-bot

tldr; Mastercard has partnered with Circle, Paxos, and Nuvei to integrate stablecoin settlements into its global payment network. This initiative allows merchants to receive payments in stablecoins like USDC and PYUSD, enabling faster, cost-effective cross-border transactions. Leveraging blockchain technology, the partnership aims to reduce foreign exchange fees and settlement times while enhancing liquidity. Mastercard also introduced the Crypto Credential to simplify secure transactions, reflecting the growing adoption of stablecoins in global finance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

50nathan

If you lack discipline like a 10-year-old wandering off in a candy store then you shouldn't be in crypto. Kraken is the most secure and regulated platform out there. If you're there for Bitcoin then just get Bitcoin and out, there's no way you could screw that up. That said, there are even cheaper ways to buy Bitcoin, such as getting it from KCEX or Ourbit, which are two offshore exchanges that allow Americans. Send USDC there, either from Coinbase or Kraken, and then buy Bitcoin at a 0% spread and withdraw to your private wallet, like Stack Wallet (the best modern Bitcoin wallet available), if you just want to focus on Bitcoin. Otherwise, there are Bitget Wallet, D'cent, and OKX Wallet as alternatives. Withdrawal fees are next to nothing, sometimes even zero. It's worth jumping through hoops to save on Bitcoin because it is very important. Consider the early days of 2011–2014, when Bitcoin was much cheaper. People would buy Bitcoin with a 10% fee; imagine paying $40 in fees for 1 BTC at $400, whether in installments or a lump sum. Fees could accumulate and at the time, people didn't mind paying those fees to acquire Bitcoin. That's a 0.1 BTC loss. Today, that same 0.1 BTC is worth nearly $10,000. Therefore, it would be unwise to carelessly purchase Bitcoin with high fees without considering the long-term value. Higher fees today, however small they may seem, could be worth significantly more later.

Weitarded

Could you elaborate on how USDC and “stablecoins” are transacted? I keep hearing about them every time legislation is discussed

IPreferRedbull

USDC. Lol.?

frenchanfry

Sir can we stop with fiat and save trees, if youre eager to be under government influence buy USDC

biba8163

> my environmental concerns Because you are repeating some narrative from 2016 saying "destroys the environment" without articulating anything. Most of BTC mining is powered by clean renewable energy today and trending more to that. It's actually helps bring demand to transition to renewable energy, stablizes the grid, reduces the need for gas peaker plants, etc. > Also ETH via UNI and AAVE allows people from countries with no access to dollars to not only hold dollars via stablecoins TRON dominates Stablecoin usage in developing countries and as I've said many times, rails for stablecoins is the killer use case for these competing networks which will have to remain cheap. > Ethereum will have to scale and that has seen the rise of L2/sidechains which results in loss transaction fees and MEV tips essentially stealing value from ETH. This essentially turns Ethereum, Solana, BSC, Tron, L2/Sidechains, etc into competing networks for DeFi casinos and rails for StablecCoin transfers where they have to remain cheap or utility and users will move to competing chains https://np.reddit.com/r/ethfinance/comments/1f9ef5k/daily_general_discussion_september_5_2024/llmkgtm/ > ETH’s dapps are decentralized...Via governance, you know, the only buzz word you chose to not include in your rant. Decentralized Governance is a scam. I've called this centralized governance bullshit scam out many times, 5 years ago, 3 years ago, etc. > One man, Rune Christensen controls the system, interest, fees, voting, etc. There are ELEVEN addresses that accounted for 98% of the voting for the protocol change for an "executive vote" used USDC. Eleven addresses control the entire protocol and a protocol change was voted in just...what 24 hrs? And most of those addresses are probably owned by a handful of people. On what planet is that decentralized? https://np.reddit.com/r/CryptoCurrency/comments/fl68d4/crypto_collateralized_stable_coins_have_proven/fkxc40i/ > AGP42 : Put differently: aside from one whale, AGP42 passes. The Aragon community overall voted for AGP42, but it was rejected with 69% of the vote because of one whale. > AGP37: 82% in favor of AGP37. 453k to 99k. But then the whale voted. So despite 83% of addresses voting in favor of AGP37, on the surface it appears to be a large defeat where 66% vote against. > AGP-35:: Here’s another case in point: Edgeware Lockdrop Proposal for Aragon..The 792k whale voted for this. Deduct the whale’s votes and you get 338k. Which means that this proposal was losing by about 15% at ~43% versus ~57% pre-whale. Then the vote went from losing decisively to winning by a massive landslide. So aside from the whale, the Aragon community voted against Edgeware lock drop participation https://np.reddit.com/r/CryptoCurrency/comments/16qpy14/comment/k1zmjv5/

MrHmuriy

USDC?

GarugasRevenge

What's your off ramp? You probably have your Bitcoin in a hardware wallet. I have the Bitcoin eth combo on trezor, probably will utilize rETH and use eth as an off ramp through either buying debit cards or sending USDC to Coinbase, I'm still trying to crack a decent off ramp. Do you have any advice?

Timstertimster

the point is that for now it's a private entity. what if one fine day, MSTR gets acquired by BlackRock, which then quietly converts the BTC to USDC or some such weirdness.

CunningStunt_1

"Currency" crypto is now defunct with stables such as USDC.

jawni

This question doesn't really make sense, especially without being able to name specific chains. They are important, but the context and specificity matter. If you mean, how much does a chain's implementation of native assets matter, then it does a bit. Both Paypal and one of the institutions tokenizing RWA's (can't remember which one, was either Societe Generale, Standard Chartered, or Franklin Templeton I believe) noted that Solana's token extensions were features that helped them choose Solana. On the flipside, a chain like Cardano has more restrictions on native assets and it has prevented the major stablecoins USDC and USDT from being issued there natively.

Altruistic_Pie_4347

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MacroHard_0

Thanks. For me, the problem with this strategy is that I would have to hold USDC in coinbase wallet. I avoid using hot wallets.

MacroHard_0

Any recommendations on where to hold USDC onchain and earn some yield? Preference is security over higher yield, thanks

mrestiaux

Yup! That’s exactly what you should be doing! USDC is backed 1:1 with the US dollar.

Fruit_Fountain

I fucked up. Still largely in USDC 🤦🏻‍♂️

Melodic_Ad_5548

this post is incredibly misleading, doesn't el Salvador us apps like Koibanx to trade mostly USDC. i really doubt people will be trading bitcoin when they have usdc in use.

alfchaval

Hi Many banks in certain countries, including Bosnia and Herzegovina, have very strict policies regarding cryptocurrency transactions, which can make both investing and cashing out challenging. As you rightly pointed out, in many cases, banks view incoming crypto-related funds as high risk. Given your circumstances, here are a few general suggestions to consider: • Peer-to-Peer (P2P) platforms: Services like Binance P2P, Paxful, or others allow you to sell BTC directly to other individuals, often using local payment methods. Make sure to use escrow services and reputable traders to stay safe. • Crypto-friendly banks or neobanks: Some users choose to open accounts with banks in nearby countries or online-only banks that are more crypto-friendly (where possible). • Stablecoins: Some users hold stablecoins like USDT, USDC, or DAI instead of cashing out immediately. These can sometimes be easier to move around until a better cash-out opportunity is found. • Long-term HODL approach: Since you mentioned you don’t plan to sell soon, continuing DCA and securely holding your BTC for the long term might be the best strategy for now.

MrHmuriy

I am not a miner, but personally, in the current situation, it seems more reasonable to keep money in USDC. When Bitcoin falls - you can short it, when Bitcoin grows - you can open a long position

coinfeeds-bot

tldr; The Coinbase chain, Base, has seen significant growth since its launch, positioning itself as a leading Ethereum Layer 2 (or Layer 3) solution. Built on Optimism technology, Base is operated by Coinbase and offers low fees, including zero fees for USDC transactions. Key metrics show rapid adoption: Total Value Locked (TVL) peaked at $4B, active wallets reached 2M daily users in late 2024, and daily transactions hit 12M. Despite some recent declines, Base remains a competitive, low-cost alternative to Ethereum, with strong user engagement and ecosystem growth. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Solanafluent

Avoid centralized exchanges as much as you can. It's much cheaper if you swap from SOL to USDC on like Jupiter/Orca and then send it to a CEX. Also if you stake on CEX it's even worse, they take 35% of the rewards so I just stake with The Vault for vSOL atm

noviwu97

This is a DEX that put so much trust in Terra UST that they phased out all USDC and USDT LP pairing in place for UST pair. Few months before it collapsed.

JustPhackOff39104

Dude wanted to send USDC to his Binance account. First he did a successful transaction of 20$. Then a scammer sent a small amount of crypto to his wallet. When the dude went to send the huge amount of USDC his wallet automatically recommended the address from which the scammer sent USDC. He didn't double check that he is sending to the right address and ended up sending it to the scammer's address. Scammers often choose addresses that closely resemble your ones.

Django_McFly

Chain of events as far as I know. * Coinbase purchased equity in Circle and gave USDC special treatment on USDC in the form of fee-free trading, free withdrawals on pretty much everything but ETH L1, and handing over a lot of the treasury yield. * Coinbase launches their own L2. USDC is popular on it. Coinbase does no revenue share back * Circle buys back their equity from Coinbase. * Circle announces they're going to make their own L2. * Coinbase now announces a special partnership with PayPal to treat their token like USDC. The HBO dramatized version of this should be a fun watch.

the_bueg

In my imperfect estimation, Monero has had the most stable price action in recent years. That, along with better TPS and lower tx fees that BTC - not to mention the privacy and fungibility of cash - a WAY better "currency" than BTC. I've written at length in a few other comments the last couple of days why BTC is the absolute worst "currency" of all crypto, but other comments basically encapsulate it. Monero still has an energy problem though. Not a month's worth of average US household electricity for each transaction like BTC, but it's still inefficient PoW, and with higher adoption, would attract even more miners. (I mine it myself but 100% solar and for a reason unrelated to profit. I still lose money.) Algorand is a highly underrated coin, near-free, about 1 second settlement, has USDC, time-and-battle-tested, and outstanding open governance and concentration-resistance. Cardano attributes *almost* as good, but no stablecoin yet. (And for investors, not undervalued.) XRP and SOL are too centralized and opaque for my tastes, and grossly overvalued IMO. Hedera seems promising but currently price action is too hyped (good for me bad for a currency). Needs more time, and a stablecoin. But none of that probably matters. Certainly not some rando's analysis, no matter how sober. If TSLA can take off after that earnings announcement, nothing really matters. Although we already kinda knew that in our heart of hearts didn't we - with BTC being the winningest coin going for no good reason other than being the first, and its name recognition by boomers who know absolutely nothing about crypto and just want to be able to call their broker and say, "get me in this 'crypto' thing!".

the_bueg

It's so irrational. BTC's value is not as a "currency", but as "digital gold" as they say. A "finite store of value". Which to me sounds like copium, and has no defensible basis in reality. At the end of the day, IMO, it's just a speculative asset, plain and simple. Don't get me wrong, I've been in BTC for almost ten years - and slowly bought more through every major downturn - and it's done very well for me. So I'm not complaining, but I don't get it. It's not just irrational, it's moronic IMO. XRP and SOL are very high throughput and solving some problems like cross-border payments, but both are too opaque and centralized IMO, and SOL has had actual outages - an absolute non-starter in my book. I don't know how anyone can accept that, even as a historical blip. No distributed P2P crypto network should *ever* have an "outage". But again - the market is not rational, so what I would think should matter, is utterly irrelevant. Why has TSLA been going *up* after last earnings call? Up is down, and red is pineapple quarterback. Hedera sound really intriguing to me. I (and apparently only I) think of it as "Gen 3" crypto. I think of Algorand and Cardano are "Gen 2+", and ETH on Proof-of-Stake is "Gen 2". ETH on Proof-of-Work was "Gen 1+" in my mind (supporting smart contracts but still crazy power requirements), Bitcoin is "Gen 1 proof-of-concept". The first. Works about as well as a toddler eating glue. Monero is solidly and [I'd argue] the best of Gen 1: still PoW and no smart contracts - but low tx costs, faster than bitcoin - and as private and fungible as cash. I myself am mostly in Bitcoin, but betting heavily on Hedera and Algorand. ALGO is a total underdog, overlooked, underappreciated, and IMO grossly undervalued. What it has going for is is essentially free and instant transactions - among the quickest going - excellent governance and decentralization model, USDC is available on the chain, and the foundation is apparently making deals left and right with governments and other organizations. To do what, exactly, I don't quite remember [and/or never bothered looking into it more] - but the chain could certainly be used as the basis for one or more government-sponsored digital currencies for better or worse. (Better for ALGO, for sure.) But again, fundamentals and logic really don't seem to mean shit. Just throw a dart at the friggin wall.

the_bueg

I just duck-duck-do'ed for it, and can't quickly find any concrete credible report link to. Then again, search engines have gone to shit. It used to be widely reported on by "mainstream" crypto media - back in the days of FTX and other shady exchanges, even Binance, who were notorious for holding tiny fractional reserves of their user's total reported BTC balances. So I'm not sure why it's not showing up in results now, just a few years later. Your BTC balance on Coinbase, Kraken, or Binance, for example, is just a database entry. When someone sends you BTC to a "receive" address Coinbase gives you, you don't have - and can't get - the private keys to that wallet - hence the (annoyingly overused but true) saying, "not your keys, not your coins". You can of course send those coins to your own wallet that you have full control over - and at that moment, hopefully Coinbase can rummage up some real BTC to do so. (To my knowledge they've never yet been unable to - but I'd wager there are funny internal stories of them running nearly dry in their early days, and scrambling like mad to cover runs. I have a close friend who used to work at a high level there but it would be in poor taste to ask. I'm hoping/assuming she'll volunteer stories someday.) Exchanges nowadays CLAIM to be fully backed, but they aren't legally required to be like banks, they have no real incentive to be other than not being able to cover runs, and there is absolutely no way to verify for sure. Audits, published wallet addresses, merkle trees, balance sheets - all ultimately meaningless as a way of validating that they have actual liquid BTC as free assets that can be immediately redeemed if all users cashed in at once. If you go to ChatGPT now and ask it to "list the BTC held by exchanges, wallets, ETFs, etc.", my session at least produced a table that added up to 24.7 million BTC, out of a max hardcoded cap of 21 million BTC. All of that to say, I feel comfortable leaving maybe 10% of my coins on Kraken + Coinbase at any given time, available for trading, or just out of laziness. But I start getting nervous when it approaches ~10%, and move them to my wallet. Both exchanges are FDC insured to up to $100k, so as long as you trade in USD (not sure about USDC which Coinbase at least treats as "cash" equivalent to USD), you're probably OK, and I don't worry about too much. Though, the "full faith and credit of the United States of America" these days... eek.

Mindless_Ad_9792

wait, but isnt USDC also a coinbase thing?

coinfeeds-bot

tldr; Dorsia, a luxury hospitality app, has partnered with MoonPay to enable cryptocurrency payments in 21 markets, including the U.S., U.K., Europe, and six Arab nations. Members can use Bitcoin, Ethereum, Solana, USDC, and other cryptocurrencies to book high-end venues like Michelin-starred Carbone. The partnership leverages MoonPay’s infrastructure, including its acquisition of Solana-based Helio, targeting crypto-wealthy clients and reducing chargeback risks while aligning with growing crypto adoption in retail. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

OwlPay_Wallet_Pro

Hello! We're the OwlPay Wallet Pro team. If you're considering stablecoins like ERUC or USDC, you may want to check out our app. We're currently expanding our service to make crypto more accessible to more people, including support for local currency purchases. We're not available in Sweden just yet, but we expect to launch there in May. Stay tuned for updates — and feel free to reach out if you have any questions. We're happy to help!

HoodFruit

Yep! Even for me, I still double and triple check when I make usdc transfers because of exactly this. Exchanges now just say USDC and irs up to me to confirm it’s actually the same usdc. Pretty fkd. They should allow deposits of either token by default. It spooked me enough that I stopped using USDC on Poly and just transfer it over SOL instead.

coinfeeds-bot

tldr; PayPal is launching a loyalty program this summer offering U.S. users a 3.7% annual interest rate on PYUSD stablecoin balances to boost adoption of its dollar-backed cryptocurrency. The initiative, accessible to PayPal's 400 million users without minimum balance or lock-up requirements, aims to compete with stablecoin giants like Tether and USDC. Backed by Paxos Trust Company and compliant with U.S. regulations, the program seeks to drive PYUSD use in payments, remittances, and everyday commerce. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

sportingpool

so by name (too complicated and/or silly) alone you can already pretty much exclude: #2Ether and #3Tehter (what a silly combo on top of being silly standalone. are they related ?), 4XRP, 5BNB, 7USDC, 9Cardano, 10TRON, 11Chainlink, 12 SUI, 13 Avalanche, 14UNUS, 15Stellar....wait....it's much easier to get to the few ones that are fine: Bitcoin, Solana and meme coins, almost everybody is out already without even looking at the name by using a zerodotzerozerozerowhatever price. so its Trump and Fartcoin that are left. its pretty easy to get from a few thousand, mostly stupid coins to a handful worth investing (small) amounts of your portfolio in